Shares of IT major Infosys fell 1% to the day’s low of Rs 1,845.40 on BSE on Thursday after the company was in the news for being under an investigation by the Directorate General of GST Intelligence for alleged evasion of over Rs 32,000 crore GST. The company has however provided clarification on the matter … Read more
The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur. Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le … Read more
Mankind Pharma on Wednesday reported a net profit of Rs 543 crore for the first quarter ended June 2024. This was up 10% from Rs 494 crore posted in the last year period. Revenue from operations in the same period rose 12% year-on-year (YoY) to Rs 2,893 crore. The same stood at Rs 2,579 crore … Read more
Indian market is likely to trade higher on Monday tracking positive global cues. The Nifty Future closed positive with gains of 1.88% at 24,915 levels on Friday. India VIX was down 2.93% from 12.62 to 12.25 levels. On the options front, the maximum Call OI is placed at 26,500 and then towards 25,500 strikes while … Read more
Brokerage firm UBS has a sell view on SBI Cards, Nomura has a neutral rating on IndusInd Bank. Meanwhile, Morgan Stanley and Macquarie have an overweight and outperform rating respectively on ICICI Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on SBI Cards: Sell| Target … Read more
Nifty ended Thursday expiry on a flat note but formed a bullish counterattack-type pattern on the daily chart despite a weak global trade setup. The index is currently holding immediate and key support at its 20-daily EMA, and maintaining this level will help attract bullish strength, according to chartists. The short-term trend of Nifty continues … Read more
Benchmarks Sensex and Nifty settled marginally lower in volatile trade on Tuesday as the government proposed to hike securities transaction tax on futures & options in the budget. Stocks that were in focus include names like Indian Hotels, which gained 0.79%, JSW Steel, which rose 0.61%, and BPCL, whose shares declined 0.73% on Tuesday. Here’s … Read more
Equity markets reacted harshly to the hike in capital gains tax on Tuesday, but erased all the losses in the end. In today’s trade, shares of L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer among others will be in focus due to various news developments or quarterly earnings. L&T, Axis Bank, Bajaj Finserv, SBI Life … Read more
Indian market is likely to remain volatile on the Budget 2024 day. The Nifty future closed negative with losses of 0.05% at 24,517 levels on Monday. India VIX was up by 4.18% from 14.82 to 15.44 levels. Volatility inched higher slightly, but it is hovering near its lower zones which is comforting the bulls. On … Read more
Shares of IT major Wipro fell by over 7% in Monday’s trade to the day’s low of Rs 513.95 on BSE despite reporting a 4.6% year-on-year (YoY) rise in its net profit at Rs 3,003 crore for the quarter ended June 2024. The same stood at Rs 2,870 in the year-ago period. However, the revenue … Read more
